The Reddit Information DAO will supply tokenized incentives to customers contributing knowledge, creating AI fashions, and offering computation to the mission.
A brand new DAO desires to assist Reddit customers monetize their knowledge to be used in coaching AI fashions.
On April 3, Vana, a decentralized community internet hosting “user-owned datasets and fashions,” introduced the launch of Reddit Information DAO on prime of its community. The DAO plans to incentivize Reddit customers to contribute their remark historical past to a pooled dataset, which may then be bought to AI firms following a group vote.
“This isn’t accomplished in coordination with Reddit, and is an enormous deal for the group given Reddit’s personal makes an attempt to promote consumer knowledge,” Vana mentioned. “The broad concept is to free consumer knowledge from the main platforms that search to hoard/monetize it.”
Vana mentioned it already hosts a million customers who’re actively creating private knowledge fashions through the platform, whereas their open API is attracting a budding ecosystem of builders constructing AI purposes.
Vana additionally introduced that it raised $18 million in a funding spherical throughout 2022 that wasn’t beforehand disclosed.
AI and crypto convergence
Vana is amongst a budding cohort of tasks looking for to innovate on the intersection of synthetic intelligence and web3.
AI tokens have lately outperformed the broader crypto markets, with CoinGecko knowledge indicating that the sector’s mixed capitalization has grown practically 700% since late October.
Nevertheless, few tasks have managed to develop distinctive use instances for AI, with many groups providing up lofty guarantees of liberating synthetic intelligence improvement from the handful of centralized entities presently dominating the AI sector by decentralization.
Vana hopes to ship on this goal by leveraging on-chain permissions to make customers’ knowledge personal, safe, and moveable.
Information is tokenized and saved on both a private gadget or trusted node, and can be utilized to coach AI fashions or purposes. Vana additionally supplies decentralized computing energy to facilitate distributed coaching.
“The structure combines a safe off-chain server with good contracts to allow user-owned knowledge and fashions,” states Vana’s documentation.
Customers contributing to knowledge in direction of a selected dataset on the platform are rewarded with ERC-20 “dataset-specific tokens” facilitating voting on how the dataset is used. Vana additionally gives “model-specific tokens” as incentives to customers who contribute GPU computation or knowledge contributing to AI fashions generated by the platform.
